Off Market Prime La Salle University Portfolio with Great Returns!
ADDRESSES:
2153 Elkins Ave Philadelphia, PA 19144
5651 Wister St Philadelphia, PA 19144
5655 Wister St Philadelphia, PA 19144
5661 Wister St Philadelphia, PA 19144
2119 W. Chew Ave Philadelphia, PA 19138
5820 N. Lambert St Philadelphia, PA 19138
5623 N. 20th St Philadelphia, PA 19144
OVERVIEW:
- Student rental portfolio consisting of 7 properties at La Salle University
- Unmatched student rental location with all properties within 1.5 blocks of campus (6 units ON CAMPUS, 1 unit 1.5 blocks from campus)
- 8 units consisting of 6 single family homes and 1 duplex. Total of 20 bedrooms and 8,706 square feet
- Low maintenance expense as all properties have been recently updated
- Reasonable property tax and insurance and tenants pay all utilities
- Owner self manages
- Excellent opportunity to increase rents to market
- Yearly Gross Income 8/1/22-7/31/23 – $158,580
- Yearly 2023 Property Tax – $11,707
- Yearly 2023 Property Insurance – $8,291
- Operating Income Net of RE Tax/Insurance- $138,582
ASKING PRICE:
$1.625MM
